Introduction Lending financial aid has become the prerogative of poor countries which are concerned with the amelioration of world poverty. Conclusion Poor nations should be given loan in a way that does not handicap them. To sum up we can just say that the interest free loan should be an on the spot decision, which depends on the extent of damage and the condition of the citizens.
Moreover, poor countries that learn the methods of rich nations might be viewed as followers with inferior capabilities. World poverty is a major problem and rich countries should definitely lend money at no interest.
Charging interest on loan implies that rich countries want to make a profit rather than help poor nations. Poor countries are facing crime due to inequitable growth.
The GFI report finds that increasingly large net outflows have caused economic Should rich nations lend aid to rates in developing countries to decline, and are directly responsible for falling living standards. But by far the biggest chunk of outflows has to do with unrecorded — and usually illicit — capital flight.
Meanwhile, opponents claim that on account of their possibilities of financial distress in the future, they should not do so.
No interest loans are ideal for initiating positive social change and desirable economic growth in poor nations. The flow of money from rich countries to poor countries pales in comparison to the flow that runs in the other direction What they discovered is that the flow of money from rich countries to poor countries pales in comparison to the flow that runs in the other direction.
Loans are usually provided with an interest topped over it. Poor countries depend on richer nations for crucial financial aid to improve infrastructure and promote social welfare programs. Companies that lie on their trade invoices are clearly at fault; but why is it so easy for them to get away with it?
Well, some of it is payments on debt. Furthermore, companies in rich nations also benefit through expanding consumption markets in abroad easily, opening new branches, production and assembly factories to take advantages of redundant natural resources and cheap-labor source that receiving countries possess.
Who is to blame for this disaster? If the poor nation is stuck with interest on top of the loan, adequate capital will not be freed to be able to handle the challenges of initiating desirable growth and development in the country.
It seems rather condescending and self-righteous of rich countries to withhold their funds because they do not went to make poor countries dependent. Recipients of international loans will only benefit if they are able to pay back the money without the added burden of hefty interest rates.
This story is so widely propagated by the aid industry and the governments of the rich world that we have come to take it for granted. Social justice implies that rich nations should extend a helping hand to the developing countries so that they can reach a more reasonable state of economic growth.
Should rich countries provide loans to poor countries without any interest? In the interests of social justice, it is important that rich countries should be able to provide loans that are easy to repay.
The traditions of poor countries might be disposed of to make more for more modern and developed methods. Charging no interest is one way of ensuring this.
These are the genuine times of need when people are already in havoc. Why must we help Somalia when they have managed to dig the hole they fell into? How to Write a Summary of an Article?In his new book Should Rich Nations Help the Poor?, leading poverty analyst Professor David Hulme explains why helping the world's neediest communities is both the right thing to do and the wise thing to do—if rich nations.
I agree with the idea that rich countries should lend aids to poor countries.
The first advantage of this aid is to support poor countries in implementing large projects. Without a lot of money, poor countries can not build big schools, hospitals, entertainment areas or. Poor countries depend on richer nations for crucial financial aid to improve infrastructure and promote social welfare programs.
World poverty is a major problem and rich countries should definitely lend money at no interest. Viewpoint Borrowing financial aid from rich countries has become a big problem because of high interest rates.
Thus rich countries can help teach poorer nations to help themselves. The saying “give a man a fish and feed him for a day, teaches a man to fish and feed him for a lifetime” applies here. Poorer nations can learn how to improve basic and essential sectors of their society such as farming and agricultural technology.
Lending financial aid to poor countries has become a trend of rich countries since the second half of the 20th century. In my opinion, it doesn’t matter whether rich countries should lend poor ones financial aid or not but the way poor countries utilize this capital source because financial aid has both pros and cons.
Whether or not rich countries should lend aid for poor ones is an issue that has aroused considerable debate - Rich Countries Should Lend Aid for Poor Ones?
introduction. Some people think that aid brings many advantages for recipient countries, such as developing economy, reducing unemployment, improving the lives.Download